Maxwell K Murphy Scholarship Fund

CONCORD, NH EIN: 01-6029987

Maxwell K Murphy Scholarship Fund is a private foundation, based in CONCORD, NH. IRS filing data is available from 2020 through 2022. In 2022, it awarded 2 grants totaling $24K. Net investment income was $610.

Financial Overview

From 2022 IRS Form 990-PF · View filing

Total Assets

—

-100.0% YoY

Annual Giving

$24K

+2447.2% YoY

Grant Count

+100.0% YoY

Avg Grant Size

$12K

+1173.6% YoY

Under IRS private-foundation payout rules, Maxwell K Murphy Scholarship Fund reported a distributable amount of $1K for 2022 — the minimum it must pay out in qualifying distributions.

About Maxwell K Murphy Scholarship Fund

Based on IRS filings

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Maine $27K (100%)

States

Maine

Cities

EllsworthGorhamOronoSouth Portland

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2022	2021	2020
Total Assets	—	$24,942	$23,911
Revenue	$771	$2,821	$1,259
Expenses	$25,721	$1,748	$2,121
Qualifying Distributions	$25,497	$1,568	—
Net Investment Income	$610	$2,626	$855
Distributable Amount	$1,371	$1,498	$1,367

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2022

Grant Size Distribution

4 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2022 grants, the largest include Maine Community Foundation ($23,246), University of Maine - Orono ($1,207).

Recipient	Purpose	Amount
UNIVERSITY OF MAINE - ORONO ORONO, ME	EDUCATIONAL	$1,207
MAINE COMMUNITY FOUNDATION ELLSWORTH, ME	EDUCATIONAL	$23,246

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2022 IRS filing

From 2022 filing

Name	Title	Hours	Compensation
BAR HARBOR WEALTH MANAGEMENT	TRUSTEE	1	$288

Frequently Asked Questions

Where does Maxwell K Murphy Scholarship Fund operate?

Maxwell K Murphy Scholarship Fund has awarded grants in Maine.

What size grants does Maxwell K Murphy Scholarship Fund award?

In 2022, Maxwell K Murphy Scholarship Fund awarded 2 grants totaling $24K — an average of about $12K per grant, based on its IRS Form 990 filings.

How much is Maxwell K Murphy Scholarship Fund required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2022, Maxwell K Murphy Scholarship Fund reported a distributable amount of $1K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is Maxwell K Murphy Scholarship Fund's EIN?

Maxwell K Murphy Scholarship Fund's EIN (Employer Identification Number) is 01-6029987. IRS Form 990 filing data is available on this page for 2020–2022.